We recently noticed that some third-party companies and individuals impersonated the TOPONE Markets brand and illegally misappropriated our trademarks.

We Hereby Reiterate Our Statement:

  • TOPONE Markets does not provide discretionary account operation trading services, nor does it cooperate with other third-party vendors and/ or agents to provide such services.
  • TOPONE Markets staff will not promise to our customer the definite profit, please do not trust any kind of the profit promise or profit related picture, such as screenshot/ chat history, etc, all investment profit can be only viewed on our official website and application.
  • TOPONE Markets is a professional online trading platform with low spreads and zero handling fees. Be wary of any behavior that asks you for any fees directly and privately. TOPONE Markets does not charge a fee at any stage of its trading process or other fee.

If you have any questions or concerns, please feel free to reach us by clicking the "Online Customer Support" or send an email to our customer care team cs@top1markets.com. We will answer your questions and assist you promptly.

Understood
We use cookies to learn more about how you use our website and what we can improve. Continue to use our website by clicking "Accept". Details
Market News 【Top1 Evening】USD index broke 93 and gold price was unable to fall by 0.5%. Pay attention to OPEC and US data

【Top1 Evening】USD index broke 93 and gold price was unable to fall by 0.5%. Pay attention to OPEC and US data

Gold futures are approaching US$1,700. Biden's infrastructure plan is a disaster or not a blessing for the bulls; the market's focus shifts to OPEC+ meetings, and the alert has been digested. The US dollar is rising, and the US economic recovery is betting to boost US bond yields.

TOPONE Markets Analyst
2021-03-30
606

晚间新闻.jpg


Forex: U.S. dollar hits four-month high

The U.S. dollar rose against other major currencies on Tuesday, rising to a one-year high against the yen, as the acceleration of vaccination and the large-scale stimulus in the United States stimulated inflation expectations, which pushed up U.S. bond yields.


The safe-haven U.S. dollar is fully supported, and investors are also worried about the potential impact of the collapse of the Archegos Capital hedge fund.


The US dollar index broke through the 93 mark, and the latest rise was about 0.25% to 93.122, the highest level in four months.


The euro fell 0.2% against the US dollar to 1.1769 US dollars. It was as low as 1.1760 US dollars earlier, the lowest since November. The euro is set to fall 2.5% this month, the biggest monthly decline since July 2019.

In addition, the widening of the spread between Germany and the United States has also exacerbated the decline in the euro. The 10-year German-American bond spread has expanded from 150 basis points at the beginning of the year to 200 basis points. The dollar brought a boost.


Gold: fell to a two-week low

Spot gold prices fell US$6.15, or about 0.36%, to US$1,706.21 per ounce. Gold futures prices fell by US$8.65, or about 0.5%, to US$1,705.95 per ounce.


At midday in the Asian market on Tuesday, gold futures prices fell to a two-week low, approaching the $1,700 mark. Vaccination progress in the United States and a new round of stimulus measures have supported the economic outlook, boosted the yields of the US dollar and US debt, and triggered investors to withdraw from the gold market.


DailyFX strategist Margaret Yang said: "The main reason for the pressure on gold prices is the continued increase in US long-term yields." He also pointed out that although gold has a hedge against inflation, prices will continue to fall.


Crude oil: oil price adjustment within a narrow range

At midday in Asia, oil prices were adjusted within a narrow range. Although the Suez Canal has resumed traffic, which has eliminated the market's concerns about crude oil transportation, the focus has shifted to the OPEC+ meeting to be held later this week.


US WTI crude oil futures prices fell 8 cents, or 0.13%, to $61.48 per barrel. Brent crude oil futures prices fell 13 cents, or 0.12%, to $64.79 per barrel. The price of natural gas rose 0.28% to US$2.651.


According to reports, OPEC+ leader Saudi Arabia intends to maintain the organization’s current output until June, and continues to voluntarily reduce its daily output by about 1 million barrels. The reason is that the worsening public health crisis in Europe has hit the prospect of fuel demand recovery.


However, Howie Lee, an economist at OCBC Bank, said: "The market's expectations of unchanged output have basically been reflected in prices." He pointed out that the severe public health situation in Europe "suppressed the recovery of oil prices."


Stock market: Nikkei index closed higher

The Japan Stock Exchange Topix Stock Index closed lower on Tuesday, dragged down by ex-dividend stocks. The Nikkei index rose slightly because investors repurchased the index. After the Bank of Japan decided to purchase only ETFs linked to the Topix Stock Index, the Nikkei Index underperformed the Topix Stock Index.

The TOPX index fell 0.78% to close at 1,977.86 points, while the Nikkei index .N225 stopped the earlier decline and closed up 0.16% to 29,432.70 points.


European stock markets rose early. The British FTSE index was last reported at 6783 points, up 47 points, or 0.7%. The German DAX index recently reported 14,902 points, an increase of 84 points, an increase of 0.57 percent. The French CAC index recently reported 6050 points, up 35 points, or 0.58%.


Focus

30/3 22:00 U.S. Central Bank Consumer Confidence (March)

31/3 08:00 President Biden Speech on Recovery Package


Previous
Next

Bonus rebate to help investors grow in the trading world!

Need Assistance?

7×24 H

Download the APP for Free